Materials, Earnings & Nvidia’s AI

Looking at the S&P 500’s ytd performance by sector can be deceptive. You’d never guess that one underperforming sector, Materials, is home to three industries among the S&P 500’s top performing. Also not apparent is the breadth of industry participation in this year’s market strength. Only four of the S&P 500’s 20 top performing industries are tech related. Jackie examines why the ytd winners have been doing so well. … Also: She looks at the projected earnings growth of various sectors and industries this year and next. … And: What Nvidia execs had to say last week about the AI wave they’re riding—which appears to be far from over.